Archive for 2008

THE DODGE ELECTRIC CAR takes to the streets.

Plus, a drag race between the Dodge EV and a Dodge Challenger.

S.E.C. CHARGES MARK CUBAN with insider trading.

HMM: Murdoch to media: You dug yourself a huge hole. “With newspapers cutting back and predictions of even worse times ahead, Rupert Murdoch said the profession may still have a bright future if it can shake free of reporters and editors who he said have forfeited the trust and loyalty of their readers.”

UPDATE: Following Circuit City’s lead?

RADLEY BALKO: Obama Should Swear Off Executive Privilege. “Keeping his staff transparent and accountable would send a strong message about open government.” I’m predicting that things won’t work out this way. In fact, they already aren’t.

SOME BASIC FINANCIAL QUESTIONS about auto bailout plans. Since total market capitalization for the Big Three is about $7 billion, why are we talking about loaning them $50 billion?

CUT THEM OFF AT THE BANK: “In the United Arab Emirates (UAE), where much of Iran’s foreign trade is handled, local banks are refusing to do business with the 10,000 Iranian trading firms based there. This has caused delays and cancellations of Iranian imports (over $9 billion worth from the UAE last year) and exports. This is being felt by the rule elite in Iran. There, the large extended families of the clerical leadership live the good life, and the goodies come in via the UAE. The sudden shortages of iPods, flat screen TVs, automobiles and bling in general, has been noticed in Iran, and is not appreciated. The falling price of oil is producing another problem, national bankruptcy.”

Problem? I don’t see it as a problem, really . . . .

“OH, YOU USED TO BE THE MAYOR.” Tony Williams stops a thief.

THE COUNTRYWIDE SCANDAL: It’s not just Chris Dodd! Postal Service investigates boss’s VIP mortgage.

The Postal Service is investigating whether the nation’s postmaster general improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp., the chairman of the service’s governing board said.

Postmaster General John E. Potter is one of several prominent current and former U.S. officials who received discounts and other benefits from the mortgage giant. The Postal Service has hired an outside investigator to review the deal, which reportedly included one shaved point and waived fees for Potter’s $322,700 loan. . . .

Sens. Christopher Dodd, D-Conn., and Kent Conrad, D-N.D., have acknowledged receiving mortgages through the VIP program but have said they were unaware of any favorable treatment. Dodd was instrumental in crafting a $700 billion bailout for the financial industry.

Stay tuned — there are more “friends of Angelo” out there, I suspect.

STANDING UP AGAINST THE BLUENOSES in Wisconsin.

FINALLY, A THIRD PARTY that I could get behind.